Friday Freshman wrote:Three Weasels wrote:And that is OUR problem because...? Why should the members of the WA care about your financial incompetence?
And what are those meaningless arbitrary numbers you're proposing? Did you pull those out of your ass or did your economists decide that those numbers just looked pretty?
He said do you have any other evidence. I cited myself as evidence. I'm positive other countries have the same problem. The WA should care about financial incompetence in countries because this incompetence can lead to a global meltdown.
And how exactly does this resolution prevent a "global meltdown". You seem to be assuming that every nation in debt is a hegemon, and therefore will cause problems if it has financial problems. This isn't the case.
One unclear thing is whether the total you gave is how much a nation can borrow in total, or just from one nation.
Also, how exactly does making arbitrary limits and forcing governments to scrap spending stop a global meltdown?